| A | B |
|---|
| personal financial planning | creating a budget for yourself to know what you are doing with your money |
| goals | things you wand to achieve or things you would like to do |
| values | what you believe in |
| opportunity cost | sacrifices made by making choices |
| liquidity | able to turn into money fast |
| service | something that a person or machine can do for you |
| good | something you can buy or have |
| economics | study of money |
| economy | exchange and use of money in the world, state, or country |
| supply | how much of something is available |
| demand | how much consumers want a certain item |
| Federal Reserve System | in charge of how much money is circulating |
| inflation | rise of prices |
| consumer | person who buys something |
| interest | money that you have to pay for using someone else's money |
| durable good | items that last a long time that you dont need to purchase often |
| intangible items | items that you can not touch, like love |
| consumable goods | items that you buy often |
| personal risk | something that might put your physical well-being in danger |
| income risk | possibility that you could lose your job because of umplanned circumstances |
